Crowd (00:00):
[inaudible 00:00:00].
Donald Trump (00:33):
Thank you very much everybody. It's a great honor to have Prime Minister Mark Carney with us. As you know, just a few days ago, he won a very big election in Canada, and I think I was probably the greatest thing that happened to him, but I can't take vote credit. His party was losing by a lot and he ended up winning, so I really want to congratulate him. Was probably one of the greatest comebacks in the history of politics, maybe even greater than mine. But I want to just congratulate you. That was a great election actually. We were watching it with interest and I think Canada chose a very talented person, a very good person, as we spoke before the election quite a few times, and it's an honor to have you at the White House and the Oval Office. You see the new and improved Oval Office as it becomes more and more beautiful with love. We handle it with great love and 24 carat gold. That always helps too. But it's been a lot of fun going over some of the beautiful pictures that were stored in the vaults that were, for many, many years, in some cases over 100 years, they were stored in vaults of the great presidents, or almost great presidents, all having a reason for being up, every one of them. So it's very interesting. But I just want to congratulate you and ran a really great race. I watched the debate. I thought you were excellent and I think we have a lot of things in common. We have some tough points to go over and that'll be fine, but we're going to also be discussing Ukraine-Russia, the war, because Mark wants it ended as quickly as I do. I think it has to end.
(02:12)
We had some very good news last night. The Houthis have announced that they are not… Or they've announced to us at least that they don't want to fight anymore. They just don't want to fight. And we will honor that and we will stop the bombings. And they have capitulated, but more importantly, we will take their word. They say they will not be blowing up ships anymore, and that's what the purpose of what we were doing. So that's just news, we just found out about that. So I think that's very, very positive. They were knocking out a lot of ships going, as you know, sailing beautifully down the various seas. It wasn't just the canal, it was a lot of other places. And I will accept their word and we are going to stop the bombing of the Houthis effective immediately. And Marco, you'll let everybody know that. Okay? Do you have something to say about that, by the way? This is a pretty big announcement.
Marco (03:17):
Yeah. This was always a freedom of navigation issue. These guys, these are a band of individuals with advanced weaponry that were threatening global shipping, and the job was to get that to stop. And if it's going to stop, then we can stop. And so I think it's an important development.
Donald Trump (03:33):
And we'll have, maybe before… We're going to, as you know, the Middle East, Saudi Arabia, we're going to UAE and Qatar, and that'll be I guess Monday night. Some of you are coming with us. I think before then we're going to have a very, very big announcement to make, as big as it gets and I won't tell you on what, and it's very positive. I'd tell you if it was negative or positive, I can't keep that out. It is really, really positive. And that announcement will be made either Thursday or Friday or Monday before we leave, but it'll be one of the most important announcements that have been made in many years about a certain subject. Very important subject. So you'll all be here. Mark, would you like to say a few words?
Mark Carney (04:21):
Thank you, Mr. President. I'm on the edge of my seat actually for the big announcement. But thank you for your hospitality and above all for your leadership. You're a transformational president. The focus on the economy with a relentless focus on the American worker, securing your borders, ending the scourge of fentanyl and other opioids, and securing the world. And I've been elected with my colleagues here, with the help of my colleagues here, I'm going to spread the credit, to transform Canada with a similar focus on the economy, securing our borders. Again, on fentanyl. A much greater focus on defense and security, securing the Arctic and developing the Arctic. And the history of Canada and the US is we're stronger when we work together and there's many opportunities to work together and I look forward to addressing some of those issues that we have, but also finding those areas of mutual cooperation so we can move forward.
Donald Trump (05:22):
Great. That's great. Very nice. Thank you very much. That was a very nice statement.
Speaker 1 (05:29):
Mr. President.
Donald Trump (05:29):
Anybody [inaudible 00:05:30].
Crowd (05:29):
[inaudible 00:05:30].
Speaker 1 (05:29):
Mr. President. Mr. President. Is USMCA dead?
Donald Trump (05:31):
No. It was actually very effective, and it's still very effective, but people have to follow it, so that's been a problem. People haven't followed it. But it was a transitional step a little bit. And as you know, it terminates fairly shortly. It gets renegotiated very shortly. But I thought it was a very positive step from NAFTA. NAFTA was the worst trade deal in the history of our country, probably in the history of the world. And this was a transitional deal, and we'll see what happens. We're going to be starting to possibly renegotiate that if it's even necessary. I don't know that it's necessary anymore. But it served a very good purpose. And the biggest purpose it served is we got rid of NAFTA. NAFTA was a very unfair deal for the United States. A very, very terrible deal. It should have never been made. It was made many years ago, but it should have never been made.
Crowd (06:29):
[inaudible 00:06:31].
Speaker 2 (06:31):
Mr. President, [inaudible 00:06:33] Canada and the United States. Would you like to see your first trade deal be with Canada, our neighbors to the north?
Donald Trump (06:37):
I would love that. Look, I have a lot of respect for this man, and I watched him come up and ascend through the ranks when he wasn't given much of a chance. And he did a… He ran a really great campaign. He did a really great debate. I think that debate was very helpful. I was going to raise my hand. I don't know if that's good or bad. I shouldn't say that. That might hurt you. But no, he ran a really great election, I thought. And yeah, something could happen. Something could happen.
Crowd (07:04):
[inaudible 00:07:06].
Donald Trump (07:06):
Yeah. Please.
Speaker 3 (07:09):
What's the top concession you want out of Canada? The top concession you want out of Canada?
Donald Trump (07:10):
Concession?
Speaker 3 (07:12):
Yes.
Donald Trump (07:12):
Friendship.
Speaker 3 (07:14):
But that's not a concession.
Donald Trump (07:15):
No. We're going to be friends with Canada. Regardless of anything, we're going to be friends with Canada. Canada's a very special place to me. I know so many people that live in Canada. My parents had relatives that lived in Canada, my mother in particular. And no, I love Canada. I have a lot of respect for the Canadians. Wayne Gretzky. I mean, how good… The Great One. You happen to have a very, very good hockey player right here on the Capitals, who I have a lot of… He is a big tough cookie too. He just broke the record. And he's a great guy. And we had the team here and I got to know a lot of the players. But now, Canada's a very special place. Yeah, please.
Speaker 4 (08:00):
Mr. President, and Mr. Prime Minister. I'd like to get your response to this too. But Mr. President, you have said that Canada should become the 51st state.
Donald Trump (08:09):
No, no. Well, I still believe that, but it takes two to tango, right? But no, I do. I mean, I believe it would be a massive tax cut for the Canadian citizens. You get free military, you get tremendous medical cares and other things. There would be a lot of advantages, but it would be a massive tax cut. And it's also a beautiful… As a real estate developer, you know I'm a real estate developer at heart, when you get rid of that artificially drawn line… Somebody drew that line many years ago with a ruler, just a straight line right across the top of the country. When you look at that beautiful formation when it's together, I'm a very artistic person. But when I looked at that, I said, "That's the way it was meant to be." But I do feel it's much better for Canada.
Donald Trump (09:00):
… Canada, but we're not going to be discussing that unless somebody wants to discuss it. I think that there are tremendous benefits to the Canadian citizens, tremendously lower taxes, free military, which honestly we give you essentially anyway because protecting Canada if you ever had a problem. But I think it would really be a wonderful marriage because it's two places that get along very well. They like each other a lot.
Mark Carney (09:27):
Well, if I may. As you know from real estate, there are some places that are never for sale.
Donald Trump (09:34):
That's true.
Mark Carney (09:35):
We're sitting in one right now. Buckingham Palace, that you visited as well.
Donald Trump (09:39):
That's true.
Mark Carney (09:40):
And having met with the owners of Canada over the course of the campaign last several months, it's not for sale, won't be for sale ever. But the opportunity is in the partnership and what we can build together. And we have done that in the past, and part of that, as the president just said, is with respect to our own security. And my government is committed for a step change in our investment in Canadian security and our partnership, and I'll say this as well, that the president has revitalized international security, revitalized NATO-
Donald Trump (10:15):
That's good.
Mark Carney (10:16):
In us playing our full weight in NATO, and that will be part of it.
Donald Trump (10:19):
That's true. And they have. They have, I must say Canada is stepping up the military participation because Mark knew they were low and now they're stepping it up, and that's a very important thing. But never say, never say never.
Speaker 5 (10:43):
What would it take to get the tariffs off of Canada?
Donald Trump (10:46):
Well, we'll be talking about different things. We want to protect our automobile business and so does Mark, but we want to protect, we want to make the automobiles and we have a tremendous abundance of energy more than any country we have just in Alaska alone, ANWR has been reopened, now ANWR is probably the largest find anywhere in the world. They say it's larger than Saudi Arabia, I don't know, but it's a lot. But we have tremendous amounts of energy. Other countries don't. We're both lucky in that way, they have energy, we have energy. We have more than we can ever use and more than we could ever sell actually, and you have the same thing. So we're two countries that are very lucky, if you look at China, they don't have that, it's a big disadvantage. Other countries, most countries don't have, most countries don't have that. So, Canada and us, we have a lot of advantages over other places.
Speaker 6 (11:43):
Mr. President, when you consider what Mr. Carney just said, that Canada is not for sale. Does this make the discussion a little more difficult to start on?
Donald Trump (11:50):
No, not at all. No, not at all. Time will tell. It's only time. But I say never say never. I've had many, many things that were not doable and they ended up being doable and only doable in a very friendly way. But if it's to everybody's benefit, Canada loves us and we love Canada. That's I think the number one thing that's important, but we'll see. I mean over time we'll see what happens.
(12:19)
China.
Speaker 7 (12:19):
Mr. President, I was hoping you can clarify something. Earlier this morning on Capitol Hill, secretary Bessent said that there had been no negotiations yet with China. You have said something different. [inaudible 00:12:30].
Donald Trump (12:29):
They want to meet and they're doing no business right now. And those ships are turning around in the Pacific Ocean. Big turn, those are big ships, those ships take about 10 miles to turn and we lost a trillion dollars to China on trade because of an incompetent president that we had who preceded me, grossly incompetent, you're finding it out more and more now. And by not trading, we're losing nothing. So we're saving a trillion dollars, it's a lot. But they want to negotiate and they want to have a meeting and we'll be meeting with them at the right time.
Speaker 7 (13:03):
But you haven't met with them yet?
Donald Trump (13:05):
I have not met with them, no. Of course you would know if I've met, I'd tell you. They want to meet, but we are right now… Look, they're suffering greatly, their economy is suffering greatly because they're not doing trade with the US and they made most of their money off the US, don't kid yourself. They don't make the money off other countries like this. They were making… We had a trade imbalance, we had a deficit or they had a surplus. Another way of saying it, of more than a trillion dollars. Think of it, more than a trillion dollars.
(13:37)
And because of 145%, that's the only reason. But because of they have now 145% tariff, there's no trading, you can't trade with 145%. We are therefore making in a certain way, I guess $1.1 trillion. In other words, we're not losing $1.1 trillion. Our deficit is much better. When I started and I say we were losing billions of dollars a day on trade, that's rapidly turning around. We looked at numbers this morning. So we were losing, the United States during Biden was losing more than, I won't even give you numbers, they're so embarrassing. But billions of dollars a day on trade, those numbers are rapidly turning between the tariffs, don't forget, we're now getting 25% on cars, 25% on aluminum, 25% on steel. And maybe more importantly, massive numbers of companies are moving into the United States. Honda, we have tremendous, the car companies that are moving in at levels we've never seen before.
(14:46)
The biggest investment ever made in the United States is being made right now. Trillions of dollars, I would say we could be at nine, $9 trillion. You could go back to other presidents. They haven't had $ 1 trillion for their entire term. Look at Biden, he had bad numbers, people leaving, they weren't coming in. They were leaving with Biden, and he didn't know the difference. The only thing he knew is people coming in, you know who they were, illegal immigrants from prisons, from mental institutions, from all sorts of places that weren't good, from gangs, from Venezuela. They were coming in and there were criminals and murderers. 11,888 people that murdered and at least half of them murdered more than one person. This is what Biden let into our country. I'm bringing in big companies. We have, Apple is investing $500 billion. We have Jensen, as you know, is going to be 500 biggest chip maker or chip thinker, I call him.
(15:49)
He's really a thinker more than a maker. But we also have the maker Mr. Wei. I get to know him all in the last, it was a cram course, but they're all moving into America because of the tariffs. And I don't think people have appreciated it. Some people do, some of the smart people do. So we have more money coming in, it's really an amazing thing. We have more money being invested in the United States now than at any time ever before in our history, and it's not even close. And I think the real number could be nine or 10 trillion. We don't know everybody that's doing it. We have many… I just heard about a plant that's being built right now, very, very top of the line company. And they didn't come to the White House.
(16:30)
They're just doing it because they're making it because if they build here, there are no tariffs. And this is the big market, this is the market that sets us apart from it. This is the market where everyone wants to be. Now, if I didn't come here and do this, all of a sudden we wouldn't be the market where everyone wants to be. So we're able to do it in time, but we're going to have a great announcement, and I'm not necessarily saying it's on trade. Going to the beginning, we're going to have a great announcement over the next few days, an announcement that will be so incredible, so positive. And I'm not saying I don't want you to think it's necessarily on trade. Just to finish, we also have a situation, because everyone says, when, when, when are you going to sign deals? We don't have to sign deals. We could sign 25 deals right now, Howard, if we wanted.
(17:17)
We don't have to sign deals, they have to sign deals with us. They want a piece of our market. We don't want a piece of their market, we don't care about their market, they want a piece of our market. So we can just sit down, and I'll do this at some point over the next two weeks, and I'll sit with Howard and Scott and with our great vice president who has done a really good job. We have some good news to report on, a lot of fronts, but JD will be there and Marco, and we're going to sit down and we're going to put very fair numbers down and we're going to say, here's what this country, what we want, and congratulations, we have a deal. And they'll either say, great, and they'll start shopping or they'll say, not good. We're
Donald Trump (18:00):
… not going to do it. And I said, "That's okay, you don't have to shop." Now, we may think, "Well, they have a right," that maybe we were a little bit wrong, so we'll adjust it. And then people will say, "Oh, it's so chaotic." No, we're flexible. But we'll sit down and we'll, at some point, in some cases we'll sign some deals. It's much less important than what I'm talking about. For the most part, we're just going to put down a number and say, "This is what you're going to pay to shop," and it's going to be a very fair number. It'll be a low number. We're not looking to hurt countries, we want to help countries. We want to be friendly with countries. But you keep writing about, "Deals, deals, when are we going to sign?" It's very simple. We're going to say, in some cases, we want you to open up your country. In some cases, we want you to drop your tariffs.
(18:43)
I mean, India, as an example, is one of the highest tariffs in the world. We're not going to put up with that and they've agreed already to drop it, they'll drop it to nothing. They've already agreed. They would have never done that for anybody else but me. So we're going to put down some numbers and we're going to say, " Our country is open for business." And they're going to come in and they're going to pay for the privilege of being able to shop in the United States of America. It's very simple, it's very simple. So I wish they'd stop asking, "How many deals are you signing this week?" Because one day we'll come and we'll give you 100 deals, and they don't have to sign. All they have to do is say, "Oh, we'll start sending our ships right now to pick up whatever we want or to bring whatever we want."
(19:30)
It's very, very simple, and I think my people haven't made it clear. We will sign some deals, but much bigger than that is we're going to put down the price that people are going to have to pay to shop in the United States. Think of us as a super luxury store, a store that has the goods. You're going to come and you're going to pay a price, and we're going to give you a very good price. We're going to make very good deals, and in some cases we'll adjust. But that's where it is and we've been ripped off by everybody for 50 years, for 50 years, and we're just not going to do that anymore. We can't do that. And we can't let any country do that to us, we're just not going to do it anymore.
Speaker 8 (20:21):
Can you tell us a bit more about the deal that you've reached with the Houthis?
Donald Trump (20:25):
No, it's not a deal. They've said, "Please don't bomb us anymore and we're not going to attack your ships."
Speaker 8 (20:31):
And where did you hear about that?
Donald Trump (20:33):
It doesn't matter where I hear it. A very good source, I could tell you. Very, very good source. Would you say, Marco? I would say pretty good, right, JD?
Vice President Vance (20:40):
Yes, sir.
Donald Trump (20:40):
A very good source. No, they don't want to be bombed anymore. I sort of thought that would happen. Right behind you, please.
Speaker 10 (20:56):
[inaudible 00:20:55] clarifying something you said. USMCA, is the US prepared to walk away from that pact?
Donald Trump (20:58):
From what pact?
Speaker 10 (20:59):
USMAC.
Donald Trump (21:00):
No, no, it's fine. It's there, it's good. We use it for certain things, it's there. The USMCA is a good deal for everybody. I won't say this about Mark, but I didn't like his predecessor, I didn't like a person that worked for… She was terrible actually, she was a terrible person. And she really hurt that deal very badly because she tried to take advantage of the deal and she didn't get away with it. You know who I'm talking about. We had a bad relationship having to do with the fact that we disagreed with the way they viewed the deal and we ended it. We ended that relationship, pretty much. The USMCA is great for all countries, it's good for all countries. We do have a negotiation coming up over the next year or so to adjust it or terminate it. Yeah.
Mark Carney (21:53):
I'll just say a word on USMCA if I may, Mr. President. It is a basis for a broader negotiation. Some things about it are going to have to change. And part of the way you've conducted these tariffs has taken advantage of existing aspects of USMCA, so it's going to have to change. There's other elements that have come, and that's part of what we're going to discuss.
Donald Trump (22:13):
Right.
Speaker 9 (22:17):
During the campaign, Prime Minister Carney talked about the American vitriol. How do you react if Canada decided not to shop in the American store as much as before and decided to partner with other countries?
Donald Trump (22:31):
Well, we don't do much business with Canada from our standpoint, they do a lot of business with us. We're at like 4%, and usually those things don't last very long. We have great things, great product. The kind of product we sell, nobody else can sell, including military. Look, we make the best military equipment in the world, and Canada buys our military equipment, which we appreciate. But we make the best military equipment in the world by far, the missiles, the submarines, everything. Everything we have is really top notch. I rebuilt our military during our last term. Stupidly, we gave some away to Afghanistan, which shouldn't have happened. But that was, I think it was the most embarrassing moment in the history of our country.
(23:16)
It was just very incompetent people. But if you look, the man that's now the head of our joint chiefs, he led the attack on ISIS for me. That's why he's the head of the Joint Chiefs. Raising Caine, he was unbelievable. And as you know, we defeated ISIS in three weeks. It was supposed to take five years, we did it in three weeks. And he ran the campaign. I said, "I like him," but I knew him before. I went to Iraq and we agreed to a plan, and that was the plan. And as you know, we did it in record time. So we have the best equipment in the world, we have the best a lot of things, but Canada does a lot more business with us than we do with Canada.
Speaker 11 (24:04):
Your investments, Mr. President. When do you think the investments that you've announced, the trillions, will finally hit economic data this year?
Donald Trump (24:13):
You're saying about the tariffs?
Speaker 11 (24:14):
No, no, about the investments that you've announced.
Donald Trump (24:17):
Oh, it's hitting right now. Look, they're already starting AI plans. These are not people that look for financing, that's a good thing. In real estate, you get a site, then you have to look for financing, you have to get your zoning. Five years later, you start building, you get a bank, then the bank's no good. These people have massive amounts of cash. The CHIPS Act was a ridiculous thing because that doesn't get them to build. All we did is hand very wealthy companies money. The CHIPS Act, that was done by Biden. Billions, we give them billions of dollars. They don't even have to do anything with it. And then I don't want to be a wise guy, but if you didn't go with the DEI, if you didn't go with all of the different things woke, if you weren't woke, you couldn't even use the money.
(25:05)
You had to have a certain percentage of this and that and that and that, it's impossible, impossible to have. The people, the companies actually complained to me. They said, "They gave me all this money, but nobody can get these people to do anything." I mean, look, President Obama, and if he wanted help, I'd give him help because I'm a really good builder and I build on time, on budget. He's building his library in Chicago, it's a disaster. And he said something to the effect, "I only want DEI, I only want woke." He wants woke people to build it. Well, he got woke people and they have massive cost overruns, the job is stopped. I don't know, it's a disaster.
(25:45)
And I don't like that happening because I think it's bad for the presidency that a thing like that should happen. He's got a library that's a disaster. And he wanted to be very politically correct, and he didn't use good, hard, tough, mean construction workers that I love, Marco. I love those construction worker. But he didn't want construction workers, he wanted people that never did it before and he's got a disaster in his hands, like millions of dollars, many. I mean, really many millions of dollars over budget.
(26:17)
And I would love to help him with it or somebody else, I could recommend professionals. But it was not built in a professional manner. By the way, nor was in California, a little train going from San Francisco to Los Angeles that's being run by Gavin Newscum, the governor of California. Did you ever hear of Gavin Newscum? He has got that train, the worst cost overrun I've ever seen. It's totally out of control. So then they said, "All right, we won't go into San Francisco, we'll stop 25 miles short. And we won't go into Los Angeles, we'll stop 25 miles short." It's
Donald Trump (27:00):
Hundreds of billions of dollars for this stupid project that should have never been built. Then they realized that it would've been a lot less costly if we just gave limousine service back and forth, and gave it free. They would've saved hundreds of billions of dollars. They have airplanes that go there for 1/100th the cost. They have cars. They have a thing called the highway that goes back and forth that's not fully utilized. They got involved with this project, and Gavin, I always liked Gavin. I had a good relationship with him. I just got him a lot of water. I sent in people to open up that water because he refused to do it and we just got them a lot of water. If they would've had that water and if they would've done what I said to do, they wouldn't've had the fires in Los Angeles. Those fires would've been put out very quickly.
(27:47)
But if you think about it, and you got to take a look at this, it's the worst cost over I've ever seen. I've watched a lot of stupid people build a lot of stupid things, but that's the worst cost over on I ever seen, what's happening between San Francisco and Los Angeles. You ought to ask about that because this government is not going to pay. I told our very great new Secretary of Transportation, he's doing a good job, Sean Duffy. I said, "We're not going to pay for that thing." They are just, it's out of control. This is something that you don't have things like this. It's not even conceivable. Like 30 times over budget, 30 times. It's the craziest thing. Now it's hundreds of, it was supposed to be a simple train and I think the media should take a look at it. I'd love him to run for president on the other side. I'd love to see that, but I don't think he's going to be running because that one project alone, well that and the fires and a lot of other things, pretty much put him out of the race.
Speaker 12 (28:52):
Mr. President, what changes would you like to see to the USMCA, or what changes would you like to make?
Donald Trump (28:56):
We're going to work on some subtle changes, maybe. I don't even know if we're going to be dealing with USMCA. We're dealing more with concepts right now. Look, right now we're doing trade. We have trade. They're paying a tariff on cars and steel and aluminum. I think we have a baseline of 10% or something like that for the tariffs. But, we're getting along very well. Right now, going no further, but we have an agreement. We did something with even parts. You want to discuss that, Howard, with respect to Canada, which helps Canada out.
Speaker 13 (29:29):
Sure. We've made an arrangement with the car companies that 15% of their, A, USMCA parts are included, and then 15% of foreign parts from the manufacturer's suggested retail price are not tariffed to help domestic manufacturing really thrive.
Donald Trump (29:50):
It gave them a chance to be able to build their car parts, factories, if they're going to. A lot of these companies already have factories and what they have to do is just fill them out, but they're able to build them in the United States. We gave them a pretty substantial period of time.
Speaker 12 (30:05):
Just to clarify, Mr. President, is there anything the Prime Minister can say to you today to change your mind on tariffing Canada?
Donald Trump (30:14):
Tariffing cars?
Speaker 12 (30:15):
Tariffing Canada. Is there anything he can say to you in the course of your meetings with him today that would get you to lift tariffs on Canada?
Donald Trump (30:22):
No.
Speaker 12 (30:23):
Why not?
Donald Trump (30:24):
Just the way it is.
Speaker 12 (30:26):
What's your position on the 51st state if Canadians don't want it, would you respect that?
Donald Trump (30:34):
Sure, I would. But, this is not necessarily a one-day deal. This is over a period of time they have to make that decision. Yes, go ahead.
Mark Carney (30:41):
Yeah, if I may. Well, respectfully, Canadians view on this is not going to change on the 51st state. Secondly, we are the largest client of the United States in the totality, all the goods. We are the largest client of the United States. We have a tremendous auto sector between the two of us and the changes that made have been helpful. 50% of a car that comes from Canada is American. That's not like anywhere else in the world. To your question about, is there one thing? No. This is a bigger discussion. There are much bigger forces involved and this will take some time and some discussions, and that's why we're here to have those discussions. That is represented by who's sitting around the table.
Donald Trump (31:27):
See, the conflict is, and this is very friendly, this is not going to be like, we had another little blow up with somebody else that was a much different. This is a very friendly conversation, but we want to make our own cars. We don't really want cars from Canada. We put tariffs on cars from Canada and at a certain point it won't make economic sense for Canada to build those cars. We don't want steel from Canada because we're making our own steel and we're having massive steel plants being built right now as we speak. We really don't want Canadian steel and we don't want Canadian aluminum and various other things, because we want to be able to do it ourselves.
(32:10)
Because of past thinking of people, we have a tremendous deficit with Canada. In other words, they have a surplus with us, and there's no reason for us to be subsidizing Canada. Canada's a place that will have to be able to take care of itself economically. I assume they can. I will tell you that Trudeau, when I spoke to him, I used to call him Governor Trudeau. I think that probably didn't help his election. But when I spoke to him, I said, "Why are we taking your cars? Why are we taking your, we want to make them ourself."
(32:46)
I mean, I said, "and if the price of your cars went up or if we put a tariff, if we put a tariff on your cars of 25%, what would that mean to you?" He said, "That would mean the end of Canada." He actually said that to me. I said, "That's a strange answer," but I understand his answer. But no, I mean, it's hard to justify subsidizing Canada to the tune of maybe $200 billion a year. We protect Canada militarily and we always will. That's not a money thing, but we always will. But, it's not fair. But, why are we subsidizing Canada $200 billion a year or whatever the number might be. It's a very substantial number. It's hard for the American taxpayer to say, gee whiz, we love doing that. Thank you very much. We're going to have a very substantial [inaudible 00:33:41] Thank you. Thank you very much.
Speaker 12 (34:11):
Thanks guys. Keep going.
Speaker 14 (34:20):
I'm just waiting for my [inaudible 00:34:21]. Thank you, thank you. Sorry. Thank you. Thank you.
